2018-01-16T13:14:03-07:00 2017-06-30 990 2016-07-01 936022772 Oregon State University Foundation OREG 5417374218 850 SW 35th Street Corvallis OR 97333 Steven Schauble Vice President & CFO 5417377499 2018-01-16 128.193.181.28 2016 2021-01-29 14:40:06Z J Michael Goodwin 850 SW 35th Street Corvallis OR 97333 378624043 0 X www.osufoundation.org X 1947 OR The OSU Foundation is a 501(c)(3) non-profit corporation chartered to receive, manage, and administer private gifts to support Oregon State University. Private support deepens the University's impact and extends its reach across the state and around the world by helping to make an OSU education accessible to qualified students. It also allows faculty, staff, and students to push the frontiers of knowledge, contributing to the state's prosperity and addressing some of the most pressing challenges facing our planet and its people. 41 40 142 41 0 -883578 74599926 56332021 603277 569792 17458952 48533881 21665839 18863548 114327994 124299242 158511 0 0 0 26858192 27300105 0 0 18757429 65737059 75105459 92753762 102405564 21574232 21893678 696973806 750520166 81897135 91167352 615076671 659352814 X The OSU Foundation is a 501(c)(3) non-profit corporation chartered to receive, manage, and administer private gifts to support Oregon State University. Private support deepens the University's impact and extends its reach across the state and around the world by helping to make an OSU education accessible to qualified students. It also allows faculty, staff, and students to push the frontiers of knowledge, contributing to the state's prosperity and addressing some of the most pressing challenges facing our planet and its people. 0 0 11077390 0 0 SCHOLARSHIPS & OTHER STUDENT SUPPORT: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University in FY17 to support students through scholarships, fellowships, and other awards. Through the years, donors have created over 1,700 unique scholarship and fellowship funds of various types and amounts at the OSU Foundation. These funds help ensure that an OSU education is accessible to qualified students, regardless of economic circumstances, and allow the University to recruit and retain the best and brightest students from Oregon and beyond. 20128261 0 0 CAPITAL PROGRAMS: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University, in FY17, to support the construction or renovation of campus facilities. Major projects in FY17 included: Renovations to Goss Stadium and the Valley Football Center, the Oregon Forest Science Complex, the Marine Studies Building in Newport, and the OSU-Cascades Campus expansion. 19632843 0 0 INSTRUCTION AND RESEARCH: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University, in FY17, to support teaching and research. With 112 endowed faculty positions at the University, donors to the OSU Foundation provide critically needed private funds to help recruit and retain world-class talent in the classrooms and labs. During the year, Foundation funds helped support OSU's internationally recognized programs in marine sciences, forestry, and agricultural sciences, among others. 9032 0 0 Advertising/Promotion 8814 0 0 Books, Periodicals & Subscriptions 46068 0 0 Computer related expenses 58026 0 322205 Conferences, Meetings and Seminars 931987 0 0 Donor Cultivation/Stewardship 10342 0 85653 Dues and Memberships 163211 0 0 Equipment 864 0 0 Insurance 3987251 0 0 Interest (debt service related regarding OSU Athletics and the State of Oregon) 6893 0 0 Licenses and Permits 156871 0 0 Maintenance & Repair 0 0 0 Minor Office Equipment 156357 0 0 Miscellaneous Operating Expense 379962 0 0 Office & Admin Supplies 886917 0 0 Payroll 4209 0 0 Photography 885500 0 0 Public Relations/Entertaining 100000 0 0 Publishing/Printing 0 0 0 Recognition and Awards 125160 0 0 Rentals & Leases 760 0 161934 Services 4405803 0 0 Special program expense 0 0 0 Staff Meetings/Training 420 0 0 Telephone/Internet 768615 0 0 Travel 2 0 0 Rounding 188528 0 0 Contributions to The Beaver Caucus 58997 0 0 Transfers into endowments 13340589 0 569792 64179083 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 1 X 132 0 1 142 1 1 1 0 0 0 1 1 1 1 0 0 0 0 1 0 X 41 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA CO KY MD ME MN NH NJ NY OH OK OR SC UT WA WV X X Patricia Nowak 5417374922 850 SW 35th Street Corvallis OR 97333 Leonard Aplet Trustee 2 2 X 0 0 0 David P Arbanas Trustee 2 0 X 0 0 0 Harold Ashford Trustee 2 0 X 0 0 0 Penny Atkins Trustee 2 0 X 0 0 0 Ken Austin Trustee 2 0 X 0 0 0 Robert Bailey Trustee 2 0 X 0 0 0 Stephen M Bailey Trustee 2 0 X 0 0 0 Ken Barrow Trustee 2 0 X 0 0 0 Jack Berka Trustee 2 0 X 0 0 0 Ruth A Beyer Trustee (Past Chair) 2 0 X 0 0 0 Knute Buehler Trustee 2 0 X 0 0 0 Rebecca Camden Trustee 2 0 X 0 0 0 Sandy Campbell Trustee 2 2 X 0 0 0 Tanja Cebula Trustee 2 0 X 0 0 0 Jame E Coleman Trustee 2 0 X 0 0 0 Mary M Coucher Trustee 2 0 X 0 0 0 Thomas A Davies Trustee 2 0 X 0 0 0 Gayle E Fitzpatrick Trustee 2 0 X 0 0 0 Steve J Gomo Trustee 2 0 X 0 0 0 Linda Hirneise Trustee 2 0 X 0 0 0 Eric H I Hoffman Trustee 2 0 X 0 0 0 Mark J Kralj Trustee 2 0 X 0 0 0 Bert Loughmiller Trustee 2 0 X 0 0 0 Frank Morse Trustee 2 0 X 0 0 0 Irva Kay Neyhart Trustee 2 0 X 0 0 0 Tod D Perkins Trustee 2 0 X 0 0 0 Dennis Powell Trustee 2 0 X 0 0 0 Ken Provencher Trustee 2 0 X 0 0 0 Mary C Yates Trustee 2 0 X 0 0 0 Mike Rich Trustee 2 0 X 0 0 0 Bob Rothschild Trustee 2 0 X 0 0 0 Eric Schoenstein Trustee 2 0 X 0 0 0 Angela Snow Trustee 2 0 X 0 0 0 Bond Starker Trustee 2 0 X 0 0 0 John Stirek Trustee 2 0 X 0 0 0 David A Thompson Trustee 2 0 X 0 0 0 James Whyte Trustee 2 0 X 0 0 0 Tony Williams Trustee 2 0 X 0 0 0 James G Youde Trustee 2 0 X 0 0 0 Jon DeVaan Chair 2 0 X X 0 0 0 Tom Toomey Chair Elect 2 0 X X 0 0 0 J Michael Goodwin President and CEO 40 0 X 512291 0 45050 Steven M Schauble Treasurer, VP and CFO 40 0 X 277538 0 47748 Lynne Fullerton-Baham Secretary (former) 2 0 X 49796 0 8313 Tiffany M Dean Secretary 40 0 X 26052 0 0 Shawn Scoville Executive VP 40 0 X 446276 0 45050 Jeffrey W Comfort VP Gift Planning and Principal Gifts 40 0 X 302216 0 47241 Kevin L Harvey Associate VP, Finance 40 0 X 213305 0 37780 Kristin G Watkins Associate VP for Development, Portland Center 40 0 X 207488 0 36323 Todd R Bastian Associate VP for Development 40 0 X 193240 0 34740 Aaron Escobar Associate VP for Development 40 0 X 192319 0 34592 2420521 0 336837 36 0 1 0 Levy Premium Food Service LP 980 N Michigan Ave Suite 500 Chicago IL 60611 catering 746198 Mercer PO Box 730182 Dallas TX 753730182 investment consulting 510423 Grenzebach Glier and Associates PO Box 775324 Chicago IL 60677 fundraising consultant 318152 Melvin Mark Companies Unit 145 PO Box 5153 Portland OR 972085153 leasing agent 260162 Charles Schwab and Co Inc 1945 Northwestern Drive El Paso TX 79912 trust management 207507 18 0 0 0 0 0 56332021 9153615 56332021 Registrations/Conferences/Seminars 900099 322205 322205 0 0 Services 900003 161934 161934 0 0 Memberships 900099 85653 85653 0 0 0 0 0 0 569792 11818862 0 0 11818862 0 0 0 0 14801 0 0 14801 1449581 0 823510 0 626071 0 626071 626071 0 0 289848510 367800 253041491 459800 36807019 -92000 36715019 0 0 36715019 359303 0 0 359303 0 359303 Management Fees 900099 10058808 10058808 0 0 Change in Split Interest Agreements 900099 852043 852043 0 0 Contract agreement with OSU 900099 6900464 6900464 0 0 52058 52058 0 0 17863373 124299242 19059236 0 48907985 X 0 1311953 353386 958567 21988966 11575231 2373025 8040710 1703501 401202 1302299 1425970 3017 524701 898252 869715 0 206477 663238 159483 159433 50 144042 144042 188528 188528 2783429 2783429 1152016 24606 76757 1050653 29266 12069 17197 2847944 2233351 314630 299963 968743 251369 379660 337714 589012 94394 494618 0 2641471 2062072 54599 524800 521799 359044 64151 98604 5093971 5013648 80323 20676 20676 86553 11464 75089 Capital Outlay Land & Bldg 18425240 18424284 956 0 Awards and Scholarships 11041510 11028284 1431 11795 Transfer Out Endowment Fee 7121205 0 7121205 0 Special Program Expense 5497755 4955861 537405 4489 15792816 7941861 3301857 4549098 102405564 64179083 19469052 18757429 152508 14044732 49072983 43256234 721033 343586 700000 700000 294117 283301 670676 417697 197690 252979 428413065 428484448 197015286 244557169 20407124 18597717 696973806 750520166 6321276 11227149 700000 700000 74875859 79240203 81897135 91167352 X 16968414 1019976 223350289 269204974 374757968 389127864 615076671 659352814 696973806 750520166 X 21893678 23928177 0 0 -536646 -1009066 X 0 1 X 1 0 X 51591325 63061702 76027476 74599926 56332021 321612450 0 0 0 0 0 0 0 0 0 0 0 0 51591325 63061702 76027476 74599926 56332021 321612450 6218989 315393461 10278483 9955584 9606848 9266171 6403464 45510550 46475 0 0 0 0 46475 4687295 4715099 5024815 4320782 5293009 24041000 391210475 68937010 0.80620 0.8018 X Schedule A, Part II, Line 10 Income from partnerships $21,885,985; Other investment income $2,224,297; Accrued income from endowment pool ($22,808); Adj for UBI from partnership K-1s that is reported on line 9 ($46,475); rounding $1 - TOTAL $24,041,000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 188528 188528 102217036 102405564 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 17300 68223 158511 188528 432562 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 Schedule C, Part II-A, Line 1b Amounts paid directly in support of The Beaver Caucus, a separate nonprofit organization recognized as tax-exempt under Section 501(c)(4). The Beaver Caucus is a non-partisan, non-political organization that advocates for Oregon State University. 514525465 20340233 69255302 7467015 23916768 0 572737217 534807425 18500988 -8663234 6382129 23737585 0 514525465 541620664 24092465 -3111737 5374843 22419124 0 534807425 477225244 22094251 66259148 5465484 18492495 0 541620664 440934507 20434072 37164218 5964627 15342926 0 477225244 0.0499 0.6973 0.2528 1 0 0 0 0 0 164200 0 164200 0 120875 60334 60541 0 110567 110567 0 0 275034 246796 28238 252979 Hedge Funds 108096804 F Partnerships 94137229 F Real Property Held for Investment 19513165 F Investment Receivable 8185155 F Mortgages, Notes & Contracts 7927866 F Real Estate 6696951 F rounding -1 C 244557169 Endowment assets held for OSU 46046288 Net pooled equity investment program 9962227 Trust liability 16817943 Gift annuity liability 6413745 79240203 151276499 24377372 0 0 1776375 26153747 125122752 0 -823510 -823510 124299242 106282541 0 536646 0 3340331 3876977 102405564 0 0 0 102405564 Schedule D, Part V, Line 4 The OSU Foundation holds over 2,300 endowed accounts. University donors have established these funds to provide support in perpetuity for a variety of purposes, including scholarships and fellowships, faculty positions, and general programmatic support. The University, for example, currently has 112 endowed faculty positions supported with such funds. Schedule D, Part XI, Line 2d Revenue of affiliates $1,776,375 - TOTAL $1,776,375 Schedule D, Part XI, Line 4b Rental expenses netted against gross rental revenue on stmt of revenue $823,510 Schedule D, Part XII, Line 2d Expense of affiliates $1,058,559; Unfulfilled pledges $1,009,066; rental expenses netted against gross rental revenue on stmt of revenue $823,510; unrealized endowment gain/loss $449,195, and rounding $1 - TOTAL $3,340,331 Central America and the Caribbean 0 0 Fundraising 0 East Asia and the Pacific 0 0 Fundraising 0 Europe (including Iceland and Greenland) 0 0 Fundraising 0 Middle East and North Africa 0 0 Fundraising 0 North America (including Canada and Mexico, but not the United States) 0 0 Fundraising 0 Russia and the newly independent States 0 0 Fundraising 0 South America 0 0 Fundraising 0 South Asia 0 0 Fundraising 0 Sub-Saharan Africa 0 0 Fundraising 0 0 0 0 1 0 0 1 1 0 Schedule F, Part IV Any requirements to file Forms 926, 8621, or 8865 are directly dependent on investments in partnerships that have interests in foreign entities. All partnership K-1s are reviewed and appropriate forms are filed based on information disclosures provided by those partnerships. These forms are filed, as required, as attachments to the annual Form 990-T. 990 Part VII Line 8 359303 0 359303 0 0 0 0 0 0 0 0 359303 0 359303 0 0 0 0 0 0 0 359303 X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 J Michael Goodwin President and CEO 452291 0 60000 0 19510 0 45050 0 0 0 576851 0 0 0 Steven M Schauble Treasurer, VP and CFO 242438 0 35000 0 19050 0 47748 0 0 0 344236 0 0 0 Lynne Fullerton-Baham Secretary (former) 48796 0 1000 0 4795 0 8313 0 0 0 62904 0 0 0 Tiffany M Dean Secretary 26052 0 0 0 2938 0 0 0 0 0 28990 0 0 0 Shawn Scoville Executive VP 387676 0 58600 0 21664 0 45050 0 0 0 512990 0 0 0 Jeffrey W Comfort VP Gift Planning and Principal Gifts 267216 0 35000 0 21664 0 47241 0 0 0 371121 0 0 0 Kevin L Harvey Associate VP, Finance 198305 0 15000 0 19822 0 37780 0 0 0 270907 0 0 0 Kristin G Watkins Associate VP for Development, Portland Center 197488 0 10000 0 20188 0 36323 0 0 0 263999 0 0 0 Todd R Bastian Associate VP for Development 183240 0 10000 0 21614 0 34740 0 0 0 249594 0 0 0 Aaron Escobar Associate VP for Development 182319 0 10000 0 21664 0 34592 0 0 0 248575 0 0 0 Schedule J, Part I, Line 1a Travel companions: In accordance with the OSU Foundation's formal distribution policy, travel expenses for spouses or other companions are reimbursable only if the spouse/companion has been asked to represent the Foundation or University in an official or representative capacity and his/her presence is critical for the conduct of such official business. During the reporting period, the Foundation paid travel expenses for the spouse of the President/CEO and the spouse of the Executive Vice President to attend one out-of-state board of trustees meeting; and for the President/CEO's spouse to join him on other select out-of-state fundraising trips where spouses of participating alumni and donors were also included. Health or social club dues or initiation fees: During the reporting period, the Foundation paid social club dues for five employees. The memberships were deemed critical for the conduct of official business by providing access to meeting and event facilities for the organization and facilitating the cultivation and stewardship of alumni and donors. Trammel Crow business owned by BOT member 57336 expenses associated with purchase 0 John Stirek BOT member 150000 return of deposit RE: property purchase at FMV 0 X 314 7709809 Recognized brockerage at FMV X 1 569800 FMV X Remainder Trusts - Held Outside 3 792418 FMV X Bonds 1 81588 FMV 0 1 1 Schedule M, Part I, Line 32b Brokerage firms such as Charles Schwab and TD Ameritrade are used to liquidate noncash gifts such as stock. Real estate agents are used, as necessary, when marketing real estate. Form 990, Part III, Line 4d OSU Foundation distributions accounted for as "Other Program Services" include support for University and Foundation operations that are not specifically designated as direct student, faculty, or facilities support. Among the included distributions are unrestricted funds for use at the discretion of deans and program leaders, support for intercollegiate athletics and club sports, support for the library and other central service units, lecture series and other outreach activities, and endowment management and other transactional fees. Form 990, Part V, Line 3b For this reporting year the OSU Foundation has a UBI loss of $883,578 . We ave filed a 990-T reporting this loss. Form 990, Part VI, Section B, Line 11b Organization's Process to Review Form 990 - After preparation and thorough review by the organization's Controller, tax accountants and legal counsel, a draft of the Form 990 is distributed to the Audit Committee for full review and comment. Once approved by the Audit Committee, the final Form 990 is made available to all voting members of the Board of Trustees via our "Directors Desk" secure website. The trustees are then given the opportunity to ask questions about the Form 990 at a Board of Trustees meeting. The tax return is then filed with the IRS. Form 990, Part VI, Section B, Line 12c Enforcement of Conflicts Policy - The Foundation has formal policies and procedures in place for annually documenting potential conflicts of interest among its governing body. At the beginning of each fiscal year, the organization's conflict of interest policy and code of ethics are sent to all new and returning trustees. Each trustee is asked to acknowledge receipt by returning a signed form indicating that they have read, understand, and agree to abide by these documents. Additionally, trustees must disclose in writing any potential conflicts of interest pertaining to Foundation business. All signed responses and disclosures become part of the Foundation's official records, and the full board is provided a list of individuals who declare potential conflicts. Form 990, Part VI, Section B, Line 15 Compensation Process for Top Official: The compensation of the organization's President/CEO is reviewed extensively on an annual basis. The Board of Trustees, through its committee structure, oversees the development of the President/CEO's annual work plan and monitors progress and performance against established goals. Monthly meetings between the Executive Committee, the President/CEO, and members of the senior leadership team ensure close and frequent monitoring of the organization's performance and the leadership of its top executive. Additionally, the Compensation Committee of the Board of Trustees performs an annual review of the top executive's total compensation package, which includes a review of personal and organizational performance and benchmarking of peer institutions' compensation structures. ------------------------The compensation of the organization's key employees is reviewed extensively on an annual basis. The employee's immediate supervisor oversees the development of an annual work plan and monitors progress and performance against established goals. The Compensation Committee of the Board of Trustees performs an annual review of the total compensation packages of the organization's highest paid employees, which includes benchmarking of peer institutions' compensation structures. Form 990, Part VI, Section C, Line 19 Governing Document Disclosure Explanation - The organization's governing documents, conflict of interest policy, and IRS Forms 990 and 990T are made available to the public upon request. Additionally, annual audited financial statements and information regarding endowment holdings are available to the public on the organization's website. Form 990, Part IX, Line 24e PROGRAM SERVICE: Books, periodicals and subscriptions $232,290; Capital outlay equipment $984,424; Donor cultivation/stewardship $932,027; Dues and memberships $260,836; Licenses and permits $7,416; Maintenance and repair - bldg. $365,738; Maintenance and repair - equipment $111,424; Maintenance and repair - miscellaneous $379,985; Miscellaneous expenses $1,438,957; Photography $4,851; Public relations $2,047,851; Rental & lease - equipment $894,858; Rental & lease - miscellaneous $172,369; Staff training $10,029; Telephone/internet $39,807; Endowment transfers, net $58,997 - TOTAL - $7,941,861 MANAGEMENT: Administrative gift fee $25,638; Board of Trustee Expenses $31,031; Books, periodicals and subscriptions $3,105; Capital outlay equipment $52,333; Donor cultivation/stewardship $203,815; Dues and memberships $10,586; Licenses and permits $553; Maintenance and repair - bldg $3,179; Maintenance and repair - equipment $3,577; Maintenance and repair - miscellaneous $59,166; Miscellaneous expenses $391,480; Public relations $13,255; Rental & lease - equipment $6,238; Rental & lease - miscellaneous $18,854; Staff training $1,615; Taxes $23,030; Telephone/internet $1,263; University endowment distribution $1,905,461; Endowment earnings distribution. net $408,333; Interfund ($156,524); Distribution of realized endowment gain $295,869 - TOTAL - $3,301,857 FUNDRAISING: Administrative gift fee $2,874,158; Board of trustee expenses $857; Books, periodicals and subscriptions $6,351; Capital outlay equipment ($54); Donor cultivation/stewardship $1,214,380; Dues and memberships $61,988; Licenses and permits $1,576; Miscellaneous expenses $83,046; Photography $13,935; Public relations $170,289; Rental & lease - equipment $4,760; Rental & lease - miscellaneous $4,584; Staff training $110,120; Telephone/internet $3,108; TOTAL - $4,549,098 Form 990, Part XI, Line 9 Unfulfilled pledges $1,009,066 - TOTAL $1,009,066 4238 Research Way LLC 850 SW 35th Street Corvallis OR 97333 811384420 commercial rental real estate OR 744517 7236826 OSU Foundation 4550 Research Way LLC 850 SW 35th Street Corvallis OR 97333 813776822 commerical rental real estate OR 592954 6384536 OSU Foundation Oregon 4-H Foundation 119 Ballard Extension Hall Corvallis OR 973313608 930711337 youth education and development OR 501(c)(3) 9 N/A 0 The Beaver Caucus C/O J Michael Goodwin 850 SW 35th Street Corvallis OR 97333 473315262 higher education advocacy OR 501(c)(4) N/A 0 Trysting Tree Golf Club Inc PO Box 989 Eugene OR 97440 930974350 Golf course OR OSU Foundation C 1 1 Charitable Remainder Uni-Trusts (91) 850 Sw 35th Street Corvallis OR 97333 Investment management OR N/A T Charitable Remainder Uni-Trust (2) 850 SW 35th Street Corvallis OR 97333 Investment management CA N/A T Charitable Remainder Uni-Trust (1) 850 SW 35th Street Corvallis OR 97333 Investment management PA N/A T Charitable Remainder Annuity Trust (3) 850 SW 35th Street Corvallis OR 97333 Investment management OR N/A T Charitable Remainder Uni-Trust (1) 850 SW 35th Street Corvallis OR 97333 Investment management WA N/A T Charitable Lead Annuity Trust (1) 850 SW 35th Street Corvallis OR 97333 Investment management OR N/A T Perpetual Trust (1) 850 SW 35th Street Corvallis OR 97333 Investment management WA N/A T Charitable Remainder Annuity Trust (1) 850 SW 35th Street Corvallis OR 97333 Investment management CA N/A T Net Income Unitrust (1) 850 SW 35th Street Corvallis OR 97333 Investment management OR N/A T Net Income Unitrust with Make-up (15) 850 SW 35th Street Corvallis OR 97333 Investment management OR N/A T 0 1 0 1 0 1 0 0 0 0 0 1 0 1 1 0 0 1 0 Oregon 4-H Foundation d 25000 OSUF loaned funds to 4H - Josephine County - for the purchase of animal pens for the county 4H program Oregon 4-H Foundation l 37806 administrative gift fee assessment by OSUF on gifts designated for 4H Oregon 4-H Foundation n 0 office space, equipment, and other support provided at no cost Oregon 4-H Foundation o 189062 several 4H employees are on OSUF payroll and gross payroll costs are borne on a split basis - disclosed amount represents 100% of the cost Oregon 4-H Foundation r 646676 net transfers made to 4H regarding interfund and endowment accounting transactions Trysting Tree Golf Club Inc f 40000 dividend amount based on annual operating results The Beaver Caucus b 164661 contribution to The Beaver Caucus to cover payment of legal $6,735 and professional consulting $157,927 expenses The Beaver Caucus o 11469 Staff of OSU Foundation provided administrative support to the Beaver Caucus. The amount disclosed is 30% of the salary costs of that employee